VIX is making a big turn

VIX is bouncing at the beginning of the month

 

VIX has bounced from the uptrend support line 21 and started the best two months of historical performance with the gap up. This should be confirmed with a break above 23.70 for the upside reversal continuation. Indicators are supportive of this move higher as the stock market Indices are hitting the key downside support levels.

Note: look for the long trade entries with the stop loss below 22

 

VIX upside reversal

 

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